First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Shares Acquired by SMART Wealth LLC

SMART Wealth LLC boosted its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 10.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,457 shares of the company’s stock after purchasing an additional 1,775 shares during the period. SMART Wealth LLC’s holdings in First Trust Long/Short Equity ETF were worth $1,235,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Brookstone Capital Management bought a new position in First Trust Long/Short Equity ETF during the 2nd quarter worth about $414,000. Raymond James & Associates raised its position in shares of First Trust Long/Short Equity ETF by 4.8% in the second quarter. Raymond James & Associates now owns 23,864 shares of the company’s stock valued at $1,494,000 after buying an additional 1,090 shares in the last quarter. Atria Wealth Solutions Inc. increased its stake in First Trust Long/Short Equity ETF by 17.4% in the second quarter. Atria Wealth Solutions Inc. now owns 53,952 shares of the company’s stock valued at $3,377,000 after acquiring an additional 7,978 shares during the last quarter. Philip James Wealth Mangement LLC increased its stake in First Trust Long/Short Equity ETF by 12.9% in the second quarter. Philip James Wealth Mangement LLC now owns 116,001 shares of the company’s stock valued at $7,261,000 after acquiring an additional 13,294 shares during the last quarter. Finally, EdgeRock Capital LLC bought a new stake in shares of First Trust Long/Short Equity ETF during the second quarter worth $5,525,000.

First Trust Long/Short Equity ETF Stock Performance

NYSEARCA FTLS opened at $66.90 on Monday. The stock has a market cap of $1.33 billion, a PE ratio of 19.46 and a beta of 0.62. The firm’s fifty day moving average price is $65.26 and its two-hundred day moving average price is $63.56. First Trust Long/Short Equity ETF has a fifty-two week low of $55.82 and a fifty-two week high of $67.45.

About First Trust Long/Short Equity ETF

The First Trust Long\u002FShort Equity ETF (FTLS) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund takes both long and short position in US-listed equity with US and foreign exposure. The actively managed funds will typically be 90-100% long and 0-50% short. FTLS was launched on Sep 9, 2014 and is managed by First Trust.